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Brundtland Report & Capacity-Building Initiative for Transparency (CBIT) Fund
                                                                                                    March 18, 2018


Brundtland Report
 
Formally called:  Our Common Future: Report of the World Commission on Environment and Development

  • In 1987
  • Gave concept of "sustainable development"
  • The Brundtland Commission's characterization of 'sustainable development' is development that meets the needs of the present without compromising the ability of future generations to meet their own needs. 
  • The prominence given to 'needs' reflects a concern to eradicate poverty and meet basic human needs, broadly understood. 
  • The concept of sustainable development focused attention on finding strategies to promote economic and social development in ways that avoided environmental degradation, over-exploitation or pollution, and side lined less productive debates about whether to prioritize development or the environment.
 
Capacity-Building Initiative for Transparency(CBIT) Fund
 
CBIT is an outcome of the UNFCCC's Paris agreement in 2015 and expected to address the issue of transparency

Objectives:
  • To help developing countries monitor and report the progress on their climate actions
  • Strengthening of national institutions of participating members in transparency related activities with respect to the Nationally Determined Contributions
  • To bring transparency in the financial help, technology transfer and capacity building support by the developed countries to developing countries. Both have to provide relevant information 

Design:
  • The fund will be set up by the GEF, with financial support from the developed nations like US, UK, Canada etc.
  • World Bank has been requested to act as the trustee for the fund, who was also a trustee in the initial hand holding of GEF

Significance:
  • Many developing countries lack the necessary capacity to monitor and report their progress on the front of INDCs
  • This fund helps developed countries to take on board the developing countries in developing their domestic capacities leading to transparent mechanisms in reporting the progress